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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
Chicago to redeem $337.06 million series 2001A, 2003B bonds on Jan. 1
By Melissa Kory
Cleveland, Nov. 18 - The city of Chicago said it will redeem $337.055 million of bonds on Jan. 1.
The redemption will include: $98.615 million of its $114.585 million series 2001A second-lien wastewater transmission revenue bonds, $237.905 million of its $491,760,262.50 series 2001A general obligation project and refunding bonds and $535,000 of its $202.5 million project and refunding series 2003B G.O. variable-rate demand bonds.
The 2001A second-lien and 2003B bonds will be redeemed at par plus accrued interest up to the redemption date. The 2001A G.O. bonds will be redeemed at 101% plus accrued interest.
The 2001A second-lien bonds are due 2013 to 2021, 2026, 2031 and 2036 with 5% to 5.5% coupons. The 2001A G.O. bonds are due 2012 to 2015, 2026, 2031, 2033, 2038 and 2041. The 2003B bonds are due Jan. 1, 2034.
Amalgamated Bank of Chicago is the redemption agent.
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